Neeraj Swaroop appointed CEO of Standard Chartered Bank Singapore

Press Release

FOR IMMEDIATE RELEASE

Neeraj Swaroop appointed CEO of Standard Chartered Bank Singapore

24 March 2014, Singapore – Standard Chartered Bank (the Bank) today announced the official appointment of Neeraj Swaroop as Chief Executive Officer (CEO) of the Bank in Singapore, effective 31 March 2014.

Neeraj has a career spanning over 30 years with the last 23 years in the financial services industry. In this role, Neeraj will be responsible for growing the Bank’s franchise in Singapore. Neeraj most recently served as CEO for ASEAN excluding Singapore, responsible for the Bank’s franchise and operations in Australia, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Thailand, and Vietnam.

Prior to this, Neeraj was the Bank’s Regional Chief Executive Officer of India and South Asia for six years. Under his leadership, South Asia became one of the top performing regions for the Bank.

To maximise opportunities in key growth regions, the Bank has recently implemented a new structure of eight specific regions: Greater China, ASEAN, North East Asia, Middle East, North Africa and Pakistan, Africa, Europe and the Americas. Neeraj’s appointment as the CEO of the Bank in Singapore will help the local franchise leverage growth opportunities in ASEAN.

Jaspal Bindra, Group Executive Director and Chief Executive Officer, Asia, Standard Chartered PLC said:
“We remain very committed to Singapore, which is an important and strategic market for Standard Chartered. It is the second largest contributor to Group (Standard Chartered PLC) income and profits; it is where our global businesses operate; and the main driver of income for ASEAN.

The Bank’s strategy to position the Singapore franchise as central to the opportunities in ASEAN will be strengthened by Neeraj’s regional knowledge. He was also a key stakeholder in re-opening the Bank’s Representative Office in Myanmar, making us the first international bank in all ten ASEAN nations.

We are confident that Singapore will be a key driver of growth in this region and Neeraj’s appointment will effectively position and leverage Singapore as a gateway to the rest of Southeast Asia and to Asia.”

Before joining Standard Chartered Bank, Neeraj built and led the Consumer Banking business at HDFC Bank, India’s largest private sector bank by market capitalisation. Neeraj’s extensive experience in retail banking will be another advantage to the Singapore franchise, especially with the completion of the local subsidiarisation of its Retail Banking and SME business.

– Ends –

For more information, please contact:

Lim Siow Joo
Tel: +65 6596 7759
Email: siow-joo.lim@sc.com

Carol Chan
Tel: +65 6596 9403
Email: carol-hy.chan@sc.com

Note to Editors:

Standard Chartered in Singapore is part of an international banking group with more than 86,000 employees and a 150-year history in some of the world’s dynamic markets.

We bank the people and companies driving investment, trade and the creation of wealth across Asia, Africa and the Middle East, where we earn around 90 per cent of our income and profits. Our heritage and values are expressed in our brand promise, Here for good.

Standard Chartered has a history of 155 years in Singapore, opening its first branch here in 1859 and in October 1999 was among the first international banks to receive a Qualifying Full Bank (QFB) license, an endorsement of the Group’s long-standing commitment to its businesses in the country.

The Bank transferred its Singapore Retail and SME business to a locally-incorporated subsidiary, Standard Chartered Bank (Singapore) Limited on 7 October 2013.

The Bank in Singapore serves both retail and corporate customers.

It provides credit cards, personal loans, auto loans, mortgages, deposit taking and wealth management services to individuals and small to medium sized enterprises. The Bank also provides corporate and institutional clients with services in trade finance, cash management, lending, securities services, foreign exchange, debt capital markets and corporate finance.

The Bank employs over 7,400 people in Singapore and has a network of 19 branches, 8 Priority Banking centres and 31 ATMs. Standard Chartered is the only international bank to offer NETS service, giving its customers access to EFTPOS at over 17,000 outlets island-wide.

The Bank’s global business is managed out of Singapore, as is its global Technology & Operations function.